Tyko lends $285M to Terra, Sympatico for Mr. C West Palm Beach project
David Martin’s Terra and the Morrison family’s Sympatico Real Estate secured a $285 million construction loan for their planned Mr. C Hotel & Residences West Palm Beach. Tyko Capital, a New York-based real estate firm backed by Elliott Investment Management, is the lender. The developers launched sales of the waterfront project about two years ago. The 27-story building, with 110 hotel keys and 146 branded condos that owners can rent through the hotel program, will be built at 320 Lakeview Avenue. Miami-based Aztec Group represented the developers in the financing. The project is part of a wave of new luxury […]This article originally appeared on The Real Deal. Click here to read the full story.
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